Fed. Sec. L. Rep. P 99,000 Securities and Exchange Commission v. Edward E. Holschuh

FAIRCHILD, Senior Circuit Judge.

This is an appeal from a judgment permanently enjoining defendant Holschuh, a former corporation president, from committing future violations of the registration and antifraud provisions of the federal securities laws. The action arose out of a plan to raise funds for the corporation by having a third-party broker form and sell interests in limited partnerships which would invest in the corporation’s coal mining venture on the expectation of receiving highly profitable returns out of reciprocal lease arrangements between the corporation and the partnership. We…